Brexit News Archive: 31 Mar 2019

Brexiteers look to run down the clock, but MPs backing a customs union stand in their way

The Great British pound came under renewed pressure at the end of last month, starting out April on the back foot following PM May's withdrawal agreement being voted against again and as markets struggle to project a way forward for Brexit at this juncture as the UK heads towards a ...
FX Street   |   Sun, 31 Mar 2019 21:39:01

EU has been patient over Brexit but patience runs out: Juncker

The European Union has had a lot of patience with Britain over Brexit but patience runs out, the head of the European Commission Jean-Claude Juncker said in an interview on Italian state TV RAI on Sunday.
Reuters   |   Sun, 31 Mar 2019 19:34:36

Brexit: Former chair of Vote Leave refuses to apologise for breaching electoral law

Michael Gove and Boris Johnson also among key figures facing growing calls to account for campaign's illegal behaviour
Emma Snaith / The Independent   |   Sun, 31 Mar 2019 19:14:45

Tory tensions rise as Theresa May faces agonising choice on Brexit

Party is more Eurosceptic than ever, but PM needs Commons support for deal
FT   |   Sun, 31 Mar 2019 19:09:45

EU signals doubt about rivals to May's Brexit deal

Official argues that choice boils down to accepting PM's exit agreement or a long delay
FT   |   Sun, 31 Mar 2019 18:21:49

Brexit: Conservative divisions deepen over exit plan as cabinet minister warns Theresa May of 'national crisis'

'If parliament is... voting in favour of a softer Brexit, then I don't think it's sustainable to ignore parliament's position'
Lizzy Buchan / The Independent   |   Sun, 31 Mar 2019 18:00:00

Brexit, US jobs figures, trade talks continue

Your FT guide to this week's big events
FT   |   Sun, 31 Mar 2019 16:09:31

Brexit fine: Ex-Vote Leave chairwoman does not apologise over spend

The former Labour MP Gisela Stuart says electoral laws needs
BBC   |   Sun, 31 Mar 2019 15:55:30

Petition to stop Brexit hits 6m signatures

A petition calling on the government to halt the Brexit process and keep Britain in the EU has passed six million signatures. 
Sky   |   Sun, 31 Mar 2019 14:52:00

Explainer - Breaking the deadlock over Brexit: Is Britain heading for a general election?

With Britain's parliament deadlocked over the way forward on Brexit, speculation was growing on Sunday that Prime Minister Theresa May could call a snap election to try and break the impasse.
Reuters   |   Sun, 31 Mar 2019 13:50:44

EU has little appetite for another Brexit extension

There are rational and strategic arguments to be made against offering the UK more time
FT   |   Sun, 31 Mar 2019 13:48:29

Brexit multiple choice again: How will UK parliament's indicative votes work?

Lawmakers have put forward nine proposals for Monday, most of which are the same or similar to last week's, and Bercow will announce mid-afternoon which will be has chosen to be voted on.
Reuters / Financial Express   |   Sun, 31 Mar 2019 13:01:34

Brexit: Will flights be disrupted?

The EU and UK have agreed a plan to try to avoid disruption.
BBC   |   Sun, 31 Mar 2019 12:42:27

EU ready to 'discuss' post-Brexit customs union, says Macron ally

Nathalie Loiseau says so far there has been 'a majority for nothing' among MPs.
Maïa de La Baume / Politico   |   Sun, 31 Mar 2019 12:21:55

Theresa May may be forced to accept soft Brexit if MPs unite around plan, says cabinet minister

'If parliament is voting overwhelmingly against leaving the EU without a deal but is voting in favour of a softer Brexit, then I don't think it's sustainable to ignore parliament's position'
Lizzy Buchan / The Independent   |   Sun, 31 Mar 2019 12:12:00

Britain's Theresa May under pressure to forge softer EU divorce deal

Britain's exit from the European Union was in disarray after the implosion of Prime Minister Theresa May's Brexit strategy left her under pressure from rival ...
No Author / Japan Times   |   Sun, 31 Mar 2019 12:01:33

Factbox: Brexit multiple choice again: How will UK parliament's indicative votes work?

British lawmakers will wrest control of the Brexit process for a second day on Monday in order to try to find a majority for an alternative way forward that could break the parliamentary deadlock over Prime Minister Theresa May's proposed deal.
Reuters   |   Sun, 31 Mar 2019 11:59:38

Brexit in meltdown: Theresa May under pressure to forge softer divorce deal

Britain's exit from the European Union was in disarray after the implosion of Prime Minister Theresa May's Brexit strategy left her under pressure from rival factions to leave without a deal, go for an election or forge a much softer divorce.
Reuters   |   Sun, 31 Mar 2019 11:34:39

Brexit: There are 'no ideal choices', says justice secretary

David Gauke said it would not be to ignore MPs if they voted for a softer Brexit.
BBC   |   Sun, 31 Mar 2019 11:22:42

Theresa May weighs fourth vote on Brexit deal

Pro-EU MPs seek to coalesce around alternative ways forward
FT   |   Sun, 31 Mar 2019 11:21:01

Brexit: Food chief 'terrified' of no-deal prospect

Chair of Food and Drink Federation warns of empty shelves and spike in food prices if government imposes tariffs on trade with EU
Emma Snaith / The Independent   |   Sun, 31 Mar 2019 11:11:00

Brexit: Tom Watson says new referendum 'only way' to unite country and would be in Labour manifesto if snap election called

Jeremy Corbyn has put the party on an 'election footing' amid speculation over prospect fo a snap poll, says deputy leader
Lizzy Buchan / The Independent   |   Sun, 31 Mar 2019 11:09:00

Revolt of The Public

Martin Gurri' book The Revolt of The Public and the Crisis of Authority in the New Millennium has gotten *lots of praise. For example, Tyler: I am reading this splendid book for the first time. It basically explains why Brexit ... Continue reading →
Robin Hanson / Overcoming Bias   |   Wed, 27 Mar 2019 20:10:53

Banks, Big Tech, & Bond Yields Tumble As Fed-Cred Collapses

Goldilocks? Inconceivable! After two ugly days, China stabilized last night European markets were volatile today but UK's FTSE continues to underperform as various Brexit deadlines loom... Meanwhile, German bund yields dropped back below JGB 10Y yields for the first time since 2016... US markets tumbled shortly after the ubiquitous opening ...
Tyler Durden / Zero Hedge   |   Wed, 27 Mar 2019 20:01:12

Iris Dorbian wrote a new post, PE HUB Second Opinion, on the site PE Hub

British Prime Minister Theresa May promises to resign if the UK parliament backs her Brexit plan. U.S. health insurer Centene Corp on Wednesday said it would buy smaller rival WellCare Health Plans Inc for [...]
peHUB   |   Wed, 27 Mar 2019 19:45:19

Theresa May Concedes Desire for 'New Leadership'

The U.K. prime minister says she is prepared to step down earlier than intended in order to win passage of her Brexit deal.
The Associated Press / truthdig   |   Wed, 27 Mar 2019 19:27:13

Whitney Tilson Is Looking For Bargains In Weed, Are You?!

Whitney Tilson's email to investors discussing cannabis webinar tonight; SEC vs. Musk hearing; Tesla hiding sales to third-party resellers; Colbert on Brexit; question 7. 1) I've been warning investors about the publicly traded pot stocks ever since the absolute peak [...] The post Whitney Tilson Is Looking For Bargains In ...
Jacob Wolinsky / Value Walk   |   Wed, 27 Mar 2019 18:35:25

Theresa May Offers to Resign

British Prime Minister Theresa May has told Tory MPs she would not remain in her post for the next phase of the negotiations with the European Union if her Brexit deal passes the House of Commons, the BBC reports. Said May: "I am prepared to leave this job earlier than ...
Taegan Goddard / Taegan Goddard   |   Wed, 27 Mar 2019 17:34:08

Theresa May Tells Tory MPs She Will Step Down After "Delivering Brexit"

Update (1:30 pm ET): Though she declined to specify a date, May told Tory backbenchers that she will step down after "delivering Brexit," meaning that she will not lead the next phase of negotiations with the EU, where the two sides are expected to hash out a new trade agreement. ...
Tyler Durden / Zero Hedge   |   Wed, 27 Mar 2019 17:31:20

May Tells Tory MPs She Will Step Down as PM Before Next Stage of Negotiations

Theresa May has told Tory MPs at the 1922 Committee that she will step down as Prime Minister before the next stage of the Brexit negotiations. May has not yet put a definite date on her departure but she has committed to step down once her deal is passed. May ...
Hugh Bennett / Guy Fawkes' blog   |   Wed, 27 Mar 2019 17:28:15

GBP/USD - British pound snoozes through Brexit fireworks

GBP/USD continues to drift this week. In Wednesday's North American trade, the pair is trading at 1.3207, up 0.01% on the day. On the release front, British CBI Realized Sales shocked with a reading of -18, compared to the forecast of 5 points. There are no major U.S. indicators out ...
Kenny Fisher / OANDA   |   Wed, 27 Mar 2019 16:17:56

Regions and cities across Europe are increasingly worried about Brexit

What would be the consequences of Brexit for European regions? On March 14 and 15, the 8th European Summit of Regions and Cities was held in Bucharest, with more than 700 local elected representatives taking part in it. While the date and place were chosen to prepare the future informal ...
Amaury Bisiaux / New Federalist   |   Wed, 27 Mar 2019 16:10:00

UK Parliament Faces Crucial Question: What Kind Of Brexit Does It Want?

Frustrated MPs tired of Prime Minister Theresa May's ineffectual handling of the Brexit process - which has badly damaged the public's confidence in the government - finally mustered the votes on Monday to seize control (at least temporarily) from No. 10 and force an indicative vote on alternatives to May's ...
sellputs / Hedge Accordingly   |   Wed, 27 Mar 2019 15:14:53

How negotiable are the pathways outlined by the options for indicative votes?

MPs will take part in "indicative votes" on various Brexit options today. The Speaker has selected eight different motions for indicative voting. Open Europe's Dominic Walsh assesses how negotiable each option would be with the EU. The post How negotiable are the pathways outlined by the options for indicative votes? ...
Dominic Walsh / Open Europe   |   Wed, 27 Mar 2019 15:00:19

Key Pro-Brexit Boffins Switching to the Deal

Brexiteers are waking up to the fact that the writing is on the wall after May's capitulation on no deal and the Benn / Letwin successful coup on Monday night. First Jacob Rees-Mogg, now Boris and even Dominic Cummings have effectively put themselves in Guido's camp of "the deal is ...
Hugh Bennett / Guy Fawkes' blog   |   Wed, 27 Mar 2019 13:05:35

Sting: Brexit 'will be a disaster'

Sting says that he hopes that Brexit will 'go away,' adding that he wants England to be part of Europe and that leaving is 'insane.' (March 27)
sellputs / Hedge Accordingly   |   Wed, 27 Mar 2019 12:10:42

To Brexit or Not to Brexit

Yet more Brexit to-ing and fro-ing.
Yves Smith / Naked Capitalism   |   Wed, 27 Mar 2019 10:17:39

Have your say: What is the top risk facing DB schemes amid Brexit?

In this week's Pensions Buzz, we want to know what you think the top risk facing defined benefit schemes is, amid concerns over Brexit uncertainty.
Kim Kaveh / Professional Pensions   |   Wed, 27 Mar 2019 10:09:00

Brexit Shenanigans Continue

Wednesday March 27: Five things the markets are talking about Global equities traded mixed overnight as investors deal with some disappointing economic signals this month, along with a plethora of central banks decisively turning towards accommodation, shying away from rate normalization for the foreseeable future. A number of sovereign yields ...
Dean Popplewell / OANDA   |   Wed, 27 Mar 2019 10:07:35

Pound to Swiss Franc Forecast - Will GBP/CHF rates rise or fall on Brexit?

The Brexit date of 29th March has been delayed to the 12th April or the 22nd May as the EU provide a lifeline to the UK to help them avoid a no-deal scenario. This has helped the pound to rise and has provided some of the best rates to buy ...
Jonathan Watson / SNB CHF Blog   |   Wed, 27 Mar 2019 09:54:45

Another dramatic day in UK Parliament

Another day, another vote in Parliament UK MPs will once again convene in Parliament on Wednesday for another series of Brexit votes, this time on a range of alternative options to that negotiated by Prime Minister Theresa May, who's deal has been rejected twice in the Commons. The aim of ...
Craig Erlam / OANDA   |   Wed, 27 Mar 2019 09:48:53

UK Lawmakers Prepare to Vote on Alternatives to Brexit Deal

British parliamentarians are seeking to end an impasse following the overwhelming defeat of the deal negotiated by Prime Minister Theresa May.
DANICA KIRKA and JILL LAWLESS / The Associated Press / truthdig   |   Wed, 27 Mar 2019 09:45:57

Brexit News Archive: 31 Mar 2019     |     enquire